What I would like to see---- as a results of Sept Qtr results
First ---- pay down the debt ( all of it by March Qtr results ) at least $60 m
second --- pay some dividend .... at least 3 cent dividend. $50M
Goind foward
Objective should be to reduce debt to ZERO by June Qtr 2022 results ........the sooner the better , as cash position allows.
Once Debt Zero
spread Free cash flow
20 % dividend .....to max of 50% of Net profit
20 % to max 30 % of Net profit Start a share buy plan before buying new Assets
Balance of growing cash......considered for New asset investmen preferable Green Space t/ buffer for coal price times .....
Give the company a future GROW the CASH balance , strengthen balance sheet , reward Shareholders with Dividends and strengthening share price.
$1 party, page-46
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